SG Americas Securities LLC Sells 18,866 Shares of Concentra Group Holdings Parent, Inc. $CON

SG Americas Securities LLC lowered its stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON) by 31.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,845 shares of the company’s stock after selling 18,866 shares during the quarter. SG Americas Securities LLC’s holdings in Concentra Group Holdings Parent were worth $898,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its holdings in shares of Concentra Group Holdings Parent by 1.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 27,308 shares of the company’s stock worth $537,000 after purchasing an additional 500 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Concentra Group Holdings Parent by 32.0% during the 4th quarter. Public Employees Retirement System of Ohio now owns 2,118 shares of the company’s stock worth $42,000 after buying an additional 514 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Concentra Group Holdings Parent by 124.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,195 shares of the company’s stock valued at $25,000 after acquiring an additional 663 shares during the period. ProShare Advisors LLC boosted its position in Concentra Group Holdings Parent by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 22,750 shares of the company’s stock valued at $448,000 after buying an additional 690 shares in the last quarter. Finally, Osaic Holdings Inc. grew its stake in Concentra Group Holdings Parent by 59.5% during the second quarter. Osaic Holdings Inc. now owns 2,041 shares of the company’s stock worth $42,000 after buying an additional 761 shares during the last quarter.

Analysts Set New Price Targets

CON has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Concentra Group Holdings Parent from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. William Blair initiated coverage on Concentra Group Holdings Parent in a report on Wednesday, July 1st. They set an “outperform” rating for the company. Truist Financial reiterated a “buy” rating and issued a $31.00 price objective (up from $29.00) on shares of Concentra Group Holdings Parent in a research report on Monday, May 11th. Finally, The Goldman Sachs Group started coverage on Concentra Group Holdings Parent in a research note on Friday, June 5th. They issued a “buy” rating and a $30.00 price objective on the stock. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $30.20.

Insider Activity at Concentra Group Holdings Parent

In other news, Director Robert A. Ortenzio sold 130,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $25.00, for a total transaction of $3,250,000.00. Following the completion of the sale, the director owned 763,455 shares in the company, valued at $19,086,375. The trade was a 14.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 8.10% of the company’s stock.

Concentra Group Holdings Parent Trading Down 0.3%

Shares of NYSE CON opened at $31.82 on Monday. Concentra Group Holdings Parent, Inc. has a 1-year low of $18.55 and a 1-year high of $31.93. The company has a 50-day moving average of $26.27 and a two-hundred day moving average of $23.42. The company has a market cap of $4.07 billion, a PE ratio of 22.89, a P/E/G ratio of 1.45 and a beta of 0.64. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 3.62.

Concentra Group Holdings Parent (NYSE:CON) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Concentra Group Holdings Parent had a net margin of 7.97% and a return on equity of 47.14%. The business had revenue of $569.55 million during the quarter, compared to analyst estimates of $553.53 million. During the same quarter last year, the business posted $0.32 earnings per share. Concentra Group Holdings Parent’s revenue for the quarter was up 13.7% compared to the same quarter last year. As a group, equities analysts expect that Concentra Group Holdings Parent, Inc. will post 1.52 earnings per share for the current fiscal year.

Concentra Group Holdings Parent Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 9th. Stockholders of record on Tuesday, May 19th were paid a $0.0625 dividend. This represents a $0.25 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Tuesday, May 19th. Concentra Group Holdings Parent’s dividend payout ratio (DPR) is 17.99%.

Concentra Group Holdings Parent Profile

Concentra Group Holdings Parent (NYSE:CON) is a Canada-based financial services holding company that specializes in serving Canadian credit unions and their members. Through its operating subsidiaries, the group provides wholesale funding, lending solutions and investment management services tailored to the unique needs of cooperative financial institutions. Concentra’s broad suite of offerings includes trust and custody services, mortgage investment products and equipment financing, all designed to support credit-union growth and stability.

In addition to wholesale funding and lending, Concentra Group Holdings Parent distributes life and general insurance products through affiliated insurance brokers and credit-union channels.